Exxon Mobil Corporation (NYSE:XOM) Stock Holdings Lessened by SCP Investment LP

Key Points

• SCP Investment LP has reduced its holdings in Exxon Mobil Corporation by 45.5%, selling 4,000 shares and ending the quarter with 4,800 shares valued at $571,000.
• Several institutional investors have recently bought into Exxon Mobil, holding 61.80% of its stock, with new stakes valued between $25,000 and $45,000 acquired by different firms.
• Exxon Mobil reported earnings of $1.64 per share for the last quarter, exceeding estimates, along with an upcoming $0.99 quarterly dividend reflecting a 3.6% yield.

SCP Investment LP decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 45.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,800 shares of the oil and gas company's stock after selling 4,000 shares during the quarter. SCP Investment LP's holdings in Exxon Mobil were worth $571,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil during the 1st quarter worth about $29,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter worth about $32,000. Cloud Capital Management LLC purchased a new stake in Exxon Mobil during the 1st quarter worth about $45,000. Finally, Clarity Asset Management Inc. lifted its holdings in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Morgan Stanley boosted their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $125.26.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $0.43 during midday trading on Tuesday, hitting $106.94. 4,073,859 shares of the company's stock were exchanged, compared to its average volume of 16,753,090. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock's 50 day moving average price is $109.56 and its 200-day moving average price is $109.08. The firm has a market cap of $460.88 billion, a P/E ratio of 15.14, a PEG ratio of 2.06 and a beta of 0.53. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The business's revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.14 earnings per share. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil's payout ratio is presently 56.25%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.